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The Lending Link

The Lending Link

By The Lending Link Podcast Powered by GDS Link

The Lending Link Powered by GDS Link is a podcast hosted by Rich Alterman and designed for the modern-day lender. Each episode deeply delves into innovation within the financial services industry and transformation efforts, including AI / ML integration, Modeling, Risk Management Tactics, and redefining Customer Experiences.

We have a wide range of guests from various lending institutions and diverse organizations who talk about strategies, technology, and everything in between.
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Currently playing episode

Exploring the Future of Buy Now Pay Later (BNPL) with TransUnion's Liz Pagel

The Lending LinkFeb 23, 2023

00:00
35:33
Equifax's Sales Director Explores the Evolution of Financial Services with Payroll API Technology at Fintech Meetup

Equifax's Sales Director Explores the Evolution of Financial Services with Payroll API Technology at Fintech Meetup

In the latest Lending Link Podcast episode, recorded at the Fintech Meetup in Las Vegas, host Rich Alterman sits down with Jeff Smith, the Sales Director of Workforce Solutions at Equifax. Together, they dive deep into how payroll API technology is revolutionizing financial services, particularly by improving the way financial institutions verify income and employment.


Rich and Jeff delve into the significant impact of Equifax's Work Number, highlighting how this innovative solution is transforming outdated and labor-intensive verification methods. With the advent of The Work Number, the process has become automated, allowing consumers to easily share their financial data, which, in turn, speeds up lending decisions and enhances their accuracy.


Listen to this engaging episode to understand how Equifax's advancements, like The Work Number, are shaping a more efficient, inclusive future for financial services tailored to meet the evolving demands of today's consumers.

Mar 28, 202415:30
Matthew Gomes of Argyle Discusses Transforming Financial Services with Payroll API Technology

Matthew Gomes of Argyle Discusses Transforming Financial Services with Payroll API Technology

In a special episode of the Lending Link Podcast, recorded at the Fintech Meetup in Las Vegas on March 3-6, 2024, host Rich Alterman sits down with Matthew Gomes, General Manager of Consumer Lending and Banking at Argyle. Together, they delve into the significant impact of payroll API technology on financial services, particularly in streamlining and improving income and employment verification for financial institutions.


The conversation highlights Argyle's role in modernizing how financial institutions verify income and employment. By replacing outdated, labor-intensive verification methods with efficient, automated solutions, payroll API platforms empower consumers to directly share their financial data. This evolution leads to quicker, more accurate lending decisions.


Listen to this episode to understand how innovation and efficiency are shaping the future of financial services through the lens of payroll API technology.


Mar 22, 202414:60
CRO of Point Predictive Discusses the Future of Fraud Prevention During Fintech Meetup

CRO of Point Predictive Discusses the Future of Fraud Prevention During Fintech Meetup

Live from the Fintech Meetup in Las Vegas, March 3-6, 2024, host Rich Alterman brings you a captivating Lending Link podcast episode featuring Jeff Hendren, the Chief Revenue Officer of Point Predictive. Recorded amidst the hustle and bustle of GDS Link's booth #1219, this episode dives deep into the transformative world of fraud prevention, leveraging advanced analytics and AI.


Jeff Hendren shares an insightful overview of Point Predictive’s strategic approach to combating fraud and enhancing loan performance. Through a unique, proprietary dataset amassed from collaborations with over 50 lenders across the U.S., Point Predictive has set a new standard in identifying fraud, mitigating early payment defaults, and streamlining the loan approval process.


This episode of Lending Link is a must-listen for anyone keen on understanding the forefront of fraud prevention strategies, the impactful use of AI in financial services, and the evolving landscape of fintech innovation. Tune in now!


Mar 15, 202411:10
Lending Link LIVE: CEO of FairPlay Discusses the Future of Compliance in Model Risk Management

Lending Link LIVE: CEO of FairPlay Discusses the Future of Compliance in Model Risk Management

Broadcasting live from Fintech Meetup in Las Vegas, Nevada, we are excited to showcase another exciting episode of the Lending Link Podcast. This time, we’re syncing up with Kareem Saleh, CEO of Fairplay, who shares Fairplay’s innovative approach that allows companies to evaluate the fairness of their predictive models and make informed decisions to promote inclusivity and equity. Kareem discusses the broader implications of fairness across the entire credit lifecycle, emphasizing the need for fairness in marketing, fraud detection, income verification, and more. Moreover, Kareem provides a glimpse into the future of Fairplay, previewing upcoming enhancements such as a compliance copilot to assist chief compliance officers in navigating the complexities of AI, big data, and bias in consumer credit.

Whether you’re a financial professional, a tech enthusiast, or simply curious about the evolving landscape of fairness in finance, this episode is a must-listen. Join us as we explore the fascinating world of Fairplay and uncover the possibilities of a fairer, more inclusive financial future. Tune in now and be inspired by the vision of fairness in financial services.


Mar 06, 202414:31
Lending Link LIVE: LoanPro's CIO Explores How Transaction Level Credit is Redefining Card Programs

Lending Link LIVE: LoanPro's CIO Explores How Transaction Level Credit is Redefining Card Programs

In the latest episode of The Lending Link LIVE, broadcasting from the Fintech Meetup in Las Vegas, Nevada, we dive into the evolving landscape of modern lending with Nate Bray, Chief Innovation Officer at LoanPro. Nate offers a behind-the-scenes look at the journey of innovating within the lending sector, emphasizing the transformative impact of compliance as a strategic lever for staying ahead in the game.

Jump into the latest episode and explore the future of finance and upcoming trends in fintech!

Mar 05, 202411:06
Lending Link LIVE: CEO of Verdata Discusses the Evolution of Credit Scoring with Alternative Data

Lending Link LIVE: CEO of Verdata Discusses the Evolution of Credit Scoring with Alternative Data

Broadcasting live from the Fintech Meetup in Las Vegas, Lending Link LIVE, hosted by Rich Alterman from GDS Link's booth #1219, features a special episode with Mike Mondelli, CEO of Verdata.

They explore Verdata's innovative approach to credit scoring and SMB lending using alternative data and AI. Mike offers insights into credit assessment evolution, data aggregation challenges, and AI's role in enhancing financial inclusivity.

The conversation also covers starting a business during the pandemic and transitioning to hybrid work models. Tune in for an in-depth look at Verdata's contribution to fintech innovation and its mission to transform the lending landscape.

Mar 04, 202410:14
Exploring GDS Link's Future with CEO Lisa Bonalle: Vision, Partnerships, and Industry Transformation
Feb 05, 202453:51
Plaid's Jonathan Gurwitz Unveils the Future of Open Banking and Credit Risk Management  

Plaid's Jonathan Gurwitz Unveils the Future of Open Banking and Credit Risk Management  

On this episode of the Lending Link, host Rich Alterman engages in an insightful conversation with Jonathan Gurwitz, Credit Lead at Plaid, offering insights into open banking and its growing role within credit risk management.

 

Discover how Plaid's visionary strategies are reshaping lending paradigms and leveraging data to unlock new levels of financial accessibility. Gain valuable insights into industry trends, the transformative impact of open banking on lending practices, and the pivotal role of data-driven decisions in shaping the future of financial services. 

Nov 28, 202341:18
Peter Wyman, CIO at Brundage Management, Discusses Mastering Analytics and The Power of Modellica Analytics Pro
Nov 09, 202355:21
TransUnion's Sean Flynn Explores Key Trends Impacting Credit Unions and Community Banks
Oct 13, 202341:03
Brian Clegg, Sr. Lender Solutions Manager at Black Book, Dives Deep into Vehicle Values and Auto Industry Trends
Sep 07, 202340:42
Kevin Moss Forecasts the Future of The Industry and Explores Fintech, Risk, and Economic Trends

Kevin Moss Forecasts the Future of The Industry and Explores Fintech, Risk, and Economic Trends

Explore financial trends, risk management strategies, and best lending practices in this episode of The Lending Link podcast. Join Rich Alterman and lending expert Kevin Moss as they break down topics like credit risk assessment, economic forecasts, insights into the economy, fintech advancements, and risk reduction. They cover a range of subjects, spanning from historical decisions to predictions for the future. 

 

Stay connected with The Lending Link! Subscribe and follow us on our listening and social platforms, and access exclusive GDS Link offerings at: https://linktr.ee/thelendinglink. 

Aug 24, 202348:35
MeasureOne's CEO Elan Amir Shares the Power of Consumer Permission Data in Lending
Jul 27, 202342:26
Equifax's SVP of Verification Services, Shelly Nischbach, and Best Egg's Senior Director of Credit & Fraud Risk Management, Doug Mihalow discuss the Evolution of Income Verification in Lending

Equifax's SVP of Verification Services, Shelly Nischbach, and Best Egg's Senior Director of Credit & Fraud Risk Management, Doug Mihalow discuss the Evolution of Income Verification in Lending

Discover the evolution and future of income and employment verification in lending in this captivating episode of The Lending Link Podcast. Join industry experts from Equifax and Best Egg as they discuss digital verifications, compliance considerations, and the importance of financial inclusion. Gain invaluable insights into the changing lending landscape and the role of income verification. Tune in now!

Stay connected with The Lending Link! Subscribe and follow us on our listening and social platforms, and access exclusive GDS Link offerings at: https://linktr.ee/thelendinglink.

Jul 18, 202346:37
Credit Risk Expert, Richard Weil discusses the Art of Underwriting Strategy, Exploring Creditworthiness Assessment and Performance Evaluation

Credit Risk Expert, Richard Weil discusses the Art of Underwriting Strategy, Exploring Creditworthiness Assessment and Performance Evaluation

Join host Rich Alterman in this captivating episode of The Lending Link as he explores the realm of consumer lending and credit risk with Richard Weil, renowned for his extensive experience in underwriting strategy. Tune in to gain valuable insights into the world of effective lending practices and take advantage of unraveling the secrets behind credit risk management. 

Stay connected with The Lending Link! Subscribe and follow us on our listening and social platforms, and access exclusive GDS Link offerings at: https://linktr.ee/thelendinglink.

Jun 27, 202341:30
GDS Link's EVP of Global Analytics, Carl Spilker, and West Coast University's VP of Predictive Analytics and Data Science, Matt Shubert, Explore AI's Impact on Finance
Jun 14, 202343:50
Vouched's CEO John Baird discusses ID Verification in the Age of AI, Deep Fakes, and Reputation Management
Jun 05, 202345:07
Cracking the Code: Frank McKenna, Chief Fraud Specialist for Point Predictive, Shares Secrets to Predictive Lending and Fraud Prevention
May 08, 202347:11
GDS Link's CEO Paul Greenwood Explores the Future of Credit Risk and Banking with The Fintech Cowboys
May 05, 202328:26
Navigating the Evolving Landscape of Investment Banking: Insights from Tom McDermott
Apr 27, 202346:13
Combatting E-commerce Fraud in the Digital Age: Insights from Kount's Carlos Osuna Zemelman

Combatting E-commerce Fraud in the Digital Age: Insights from Kount's Carlos Osuna Zemelman

As the world continues to undergo a rapid digital transformation, e-commerce has become an indispensable aspect of our daily lives. However, with the increasing popularity of online shopping, the threat of e-commerce fraud has also grown significantly.  Experts have predicted that e-commerce fraud will soar to an astounding $48 billion by 2023, emphasizing the severity of the issue. To combat this growing problem, the e-commerce fraud detection and prevention market is expected to reach a staggering $69 billion by 2025.  Joining us on this episode of The Lending Link is Carlos Osuna Zemelman, Senior Director of International Business Development with Kount.  Carlos sheds light on the unique challenges posed by emerging technologies such as cryptocurrency from a fraud perspective and how Kount's tools and artificial intelligence have become increasingly crucial in combating the growing problem of e-commerce fraud. With his expertise in international business development, Carlos provides valuable insights into the e-commerce fraud landscape and the importance of staying ahead of the constantly evolving threat.  Carlos and Rich also explore a wide range of critical topics related to the e-commerce industry, including:  - Fraud detection and prevention in the digital age  - The increasing prevalence of account takeovers and their impact on the industry  - Leveraging the Identity Trust Global Network to combat fraud  - The unique challenges of using data effectively in fraud prevention  - Opportunities and challenges of working in Latin America's e-commerce market  - Essential factors to consider when evaluating a company's strategy in the e-commerce industry Tune in to gain valuable insights into these and other key topics on navigating the complex world of e-commerce fraud.  About Carlos Osuna  Carlos Osuna has been leading transformation across emerging markets at Equifax since 2013. Throughout his career, he has served as a trusted strategic advisor to executives and has taken on a variety of leadership roles within marketing, product management, fraud strategy, and business development.   With 17 years of combined experience working with global brands, Carlos has an extensive knowledge of Latin American markets and a proven ability to build and execute complex business strategies. He also served as external staff for the World Economic Forum (WEF), participating in their annual Davos meeting.   Carlos studied business engineering at the Adolfo Ibáñez University, where he also earned his master's in human resources with a specialization in management excellence.   Be sure to follow Carlos and our host Rich on LinkedIn, and for the latest GDS Link updates and news, follow us on Twitter and LinkedIn. You can subscribe to the Lending Link on  Apple Podcasts, Spotify, Google Podcasts, YouTube, or wherever you prefer to listen to your podcasts!

Stay connected with The Lending Link! Subscribe and follow our listening and social platforms, plus access exclusive GDS Link offerings here: https://linktr.ee/thelendinglink


Mar 29, 202340:11
Rise of Banking-as-a-Service: Exploring Partnerships and Innovation with Seattle Bank's Josh Williams

Rise of Banking-as-a-Service: Exploring Partnerships and Innovation with Seattle Bank's Josh Williams

The Banking-as-a-Service (BaaS) market is having a profound impact on the financial service industry, with a projected market size of $48.40 Billion by 2030. The rise of BaaS has pushed traditional banks to adapt and digitalize their services, resulting in more partnerships between banks and fintech organizations. This has led to greater innovation and a changing regulatory landscape.

Join our host Rich Alterman, on this episode of The Lending Link as he sits down with Josh Williams, EVP, Chief Banking Officer & Head of Partnerships at Seattle Bank, to explore the impact of BaaS on the financial services industry. Josh and Rich discuss the early days of embedded banking, the trade-offs and pain points involved, and how to identify new partners amidst changing regulations.

Josh and Rich cover a wide range of topics, including:

🚀 The first product that Seattle Bank is bringing to market
😩 Common pain points and trade-offs within the BaaS space
🤝 Top considerations for forming successful partnerships in the BaaS market
💡 The importance of financial literacy and where to start

So, put on your headphones and tune in for an insightful BaaS-focused conversation!

Show Notes:

About Josh Williams

Josh Williams is Executive Vice President/Chief Banking Officer and Head of Partnerships at Seattle Bank. Josh joined Seattle Bank in 2014 and now leads Partner Banking, collaborating with fintechs, marketplaces, and brands to integrate financial services into their customer experience.

Josh leads with an exceptional focus on understanding client needs and surpassing their service expectations. Always aiming to advance his clients' progress toward their financial and business goals, Josh directed the development of Seattle Bank's private and commercial banking business lines designed for ultra-high-net-worth families and closely held businesses. He has over 20 years of experience serving as a resource to clients with complex banking needs, building, and leading successful teams, and formulating and executing organizational strategy.

Stay connected with The Lending Link! Subscribe and follow our listening and social platforms, plus access exclusive GDS Link offerings here: https://linktr.ee/thelendinglink

Mar 08, 202342:21
Exploring the Future of Buy Now Pay Later (BNPL) with TransUnion's Liz Pagel

Exploring the Future of Buy Now Pay Later (BNPL) with TransUnion's Liz Pagel

Stay connected with The Lending Link! Subscribe and follow our listening and social platforms, plus access exclusive GDS Link offerings here: https://linktr.ee/thelendinglink

On this episode of The Lending Link, we delve into the rapidly growing world of Buy Now Pay Later (BNPL) services. With the BNPL market expected to reach a staggering $467.34 billion by 2026, this innovative payment option is changing the way consumers approach shopping and financial management. 

Our guest, Liz Pagel, SVP and Consumer Lending Business Leader at TransUnion, shares her passion for BNPL, how it may further financial inclusion, and the challenges of accurately defining it in credit reporting. Rich and Liz also provide valuable insights into the current state of BNPL lending and the efforts being made to improve the industry, including: 

• Overcoming BNPL challenges, such as updating infrastructures and educating lenders on dispute handling
• The evolution of underwriting in the BNPL space and the move towards traditional methods, using dynamic credit models and fraud checks
• The role of open-banking data in BNPL credit reporting
• Promoting women in management roles within the FinTech space and the industry's progress in promoting women into senior-level positions 

Don't miss out on this informative discussion on the future of BNPL services. Tune in now!

Show Notes
In this episode, we take a deep dive into the world of Buy Now Pay Later (BNPL). Access the resources below to learn more about this topic:
💡  OpEd:
BNPL Helps Build Credit Histories 
🔍 BLOG: The Future of BNPL Reporting 
📖 BLOG: Understanding Buy Now Pay Later: Benefits, Risks, and Alternatives
🧭 GUIDE: Evolution of the Maturing POS/BNPL Consumer

About Liz Pagel:
Liz Pagel is a Senior Vice President and the leader of TransUnion's Consumer Lending line of business within the Financial Services vertical. Liz is responsible for the strategy and market development activities that support lenders offering unsecured personal loans, buy-now-pay-later, and other unsecured products. These lenders include FinTechs, banks, finance companies, alternative lenders and others.  

Be sure to follow Liz and our host Rich on LinkedIn, and for the latest GDS Link updates and news, follow us on Twitter and LinkedIn. You can subscribe to the Lending Link on Apple Podcasts, Spotify, Google Play, YouTube, or wherever you prefer to listen to your podcasts!

Stay connected with The Lending Link! Subscribe and follow our listening and social platforms, plus access exclusive GDS Link offerings here: https://linktr.ee/thelendinglink

Feb 23, 202335:33
Unsecured Lending Risk Management: The State of Lending in the U.S. and Canada with Frank Tian

Unsecured Lending Risk Management: The State of Lending in the U.S. and Canada with Frank Tian

In the digital era, personal lending products emerge daily from various banks, credit unions, and fintech companies. When it comes to the U.S. and Canadian markets, it is critical to understand the full credit lifecycle of lending and risk management to remain agile and competitive.

While the countries may share a border and many similarities, they have several significant differences. In this episode of The Lending Link, we sit down with credit risk specialist and author of Unsecured Lending Risk Management, Frank Tian, to dive deeper into how these markets have evolved over the past 20 years and delve into their discrepancies within the lending market.

Frank and Rich also discuss a variety of topics, such as:

  • The making of the book Unsecured Lending Risk Management
  • The booming of Fintechs and Big Tech's interest in banking
  • A forecast on 2023's economy, will it continue to improve?
  • And examine the value of open banking data

Show Notes:

About Frank Tian:

Frank Tian is a seasoned risk management professional in the unsecured lending industry. His work over the past two decades has spanned the full spectrum of retail risk management, from credit strategy and risk modeling to credit systems and fraud management. Frank has held various risk positions at multiple financial institutions in the US and Canada, including Wells Fargo, MUFG Union Bank, GE Money, BMO, and CIBC. He holds a Master’s Degree in Economics from the University of Ottawa and is a certified Financial Risk Manager (FRM).

Stay connected with The Lending Link! Subscribe and follow our listening and social platforms, plus access exclusive GDS Link offerings here: https://linktr.ee/thelendinglink

Jan 30, 202336:35
The Numbers Don't Lie (Right?): The State of Lending and What to Trust in 2023 with Equifax's Tom O'Neill

The Numbers Don't Lie (Right?): The State of Lending and What to Trust in 2023 with Equifax's Tom O'Neill

There isn't a period in the present day that we can equate to the COVID global pandemic and the effects that this era has had on the lending industry. Society was forced to isolate, everyone was left indoors, and not to mention that spending fell off a cliff. It was only natural from a lending perspective to withdraw and stop to wait and see what would happen before making any other determinations.

During this time, the CAREs Act also rolled out to help the consumer base households weather the severity of the coronavirus storm. As the CAREs Act avoided the tsunami of delinquencies and charge-offs, it did raise questions about forbearance, payment holidays, and stimulus checks. Did this create an environment that was artificial and not sustainable?

On this episode of The Lending Link, we sit down with Tom O'Neill, risk advisor with Equifax where he leads consulting engagements for clients across Equifax’s 23-country footprint.

In this insightful discussion, Tom and Rich also delve into a variety of topics spanning from:

  • Are the rising credit scores contributing to higher credit limits?
  • Why are 65% of households living paycheck to paycheck?
  • What has changed in the adoption of alternative data?
  • Buy Now Pay Later data and its impact on consumers, and much more!

About Tom O'Neill

Tom O'Neill brings over 20 years of experience leading analytic consulting engagements within Financial Services and other industries. As Risk Advisor at Equifax, O'Neill provides analytic thought leadership to client senior management, public forums, and various industry and advisory councils.

While at Equifax, upon the onset of COVID-19 and resulting CARES Act, Tom became responsible for producing weekly market insight summary reports for client groups spanning industries and lifecycle stages. He also regularly presented macroeconomic and industry trends within various forums and continues to do so at Equifax.

O'Neill's consulting career began in process engineering and solution requirements, helping design a GIS-mapping and reporting application for the US Department of Agriculture. He previously led Optimization Consulting groups responsible for developing and implementing.

Stay connected with The Lending Link! Subscribe and follow our listening and social platforms, plus access exclusive GDS Link offerings here: https://linktr.ee/thelendinglink

Jan 18, 202334:33
Increasing Profitability and Fairness Through Decisioning with Kareem Saleh from Fairplay.ai

Increasing Profitability and Fairness Through Decisioning with Kareem Saleh from Fairplay.ai

Bias may present itself in a variety of ways within lending. When assessing biases, two issues frequently arise: Was someone treated differently because of who they are? Or did a sincere goal activity end as being harmful to one group?

A recent wave of technological innovation has enabled lenders to better comprehend how distinct subpopulations might perform differently than the kind of borrower they're used to seeing or that's effectively represented in the data.

On this episode of The Lending Link, we sit down with Kareem Saleh, CEO and co-founder of fairplay.ai, which assists lenders in identifying potential disparities in the decisioning systems, provides options to increase profitability and fairness, and helps in demonstrating to consumers, regulators and the public that they are taking strong steps to be fair.

Kareem and Rich discuss how to assess algorithms for bias and optimize them for failures and as well as discuss a number of topics, including:

  • The role of alternative data in credit underwriting and machine learning
  • What is the adverse impact ratio? How is it determined? How does it function?
  • How to identify variables for the protected groups that may not be in your initial model
  • Opportunities for lenders to meet the requirements under the Community Reinvestment Act and more!

About Kareem Saleh

Kareem Saleh is the founder and CEO of FairPlay, the world's first Fairness-as-a-Service company. Financial Institutions use FairPlay's APIs to embed fairness considerations into their marketing, underwriting, pricing, and loss mitigation algorithms and automate fair lending testing and reporting. Previously Kareem served as Executive VicePresident at Zest.ai, where he led business development for the company's machine learning-powered credit underwriting platform.

Prior to Zest.ai, Kareem served as an executive at SoftCard, a mobile payments company that Google acquired. Kareem also served in the Obama Administration, first as Chief of Staff to the State Department's Special Envoy for Climate Change, where he helped manage the 50-person team that negotiated the Paris Climate Agreement, then as Senior Advisor to the CEO of the Overseas Private Investment Corporation (OPIC) where he helped direct the U.S. Government's $30B portfolio of emerging market investments with responsibility for transaction teams in Europe, Latin America and the Middle East. Kareem is a Forbes contributor and a frequent speaker on the application of AI to financial services. He is a graduate of Georgetown University Law Center and an honors graduate of the University of Chicago.

Be sure to follow Kareem and our host Rich on LinkedIn, and for the latest GDS Link updates and news, follow us on Twitter and LinkedIn. You can subscribe to the Lending Link on Apple PodcastsSpotifyGoogle Play, or wherever you prefer to listen to your podcasts!

Dec 15, 202231:35
Leveraging Income Data Solutions to Accelerate Profitable Lending with Don Chapman of Powerlytics

Leveraging Income Data Solutions to Accelerate Profitable Lending with Don Chapman of Powerlytics

Lenders within both consumer and SMB rely on data from a multitude of third-party sources to make informed credit decisions. Understanding a borrower’s income with a high degree of certainty is critical in terms of the borrower’s ability to repay. Today, we see income verification solutions employed across a variety of different applications, whether leveraged within marketing efforts, typically in the form of targeted prescreen offers, as well as within income solutions, usually through targeted credit line increase offers.

In this episode, Don Chapman, Head of Strategic Partnerships at Powerlytics, whose core focus is partnering with platforms, data providers, and others to leverage data and solutions that deliver value to banks and lenders. Rich and Don analyze a variety of unique credit solutions and take a deeper dive into topics like:

  • The increase in reliance of income solutions by both banks and non-traditional lenders
  • Recent trends in the market, including which cities are best prepared to take on a recession
  • Three critical items lenders look for in data providers
  • The value of proactive credit line increases and navigating the CARD Act
  • How a nine-digit ZIP Code can accurately estimate a household's income or a confidence score against the household's stated income

About Don Chapman

Don Chapman joined Powerlytics in 2020 as Head of Strategic Partnerships. Don is focused on partnering with platforms, data providers, and others to leverage Powerlytics' data and solutions to deliver value to banks and lenders. Don brings over 20+ years of senior marketing, business development, and sales experience in the financial services, technology, and consumer goods industries. Prior to joining Powerlytics, Don served as Head of Marketing for internet services company Verisign where he was responsible for the company's global marketing efforts.

Before that, Don spent 18 years with Capital One and American Express where he served in a range of marketing and partner-facing roles, including building and managing co-branded card partnerships with JetBlue, Sony, and Fidelity. Don earned a BS in Marketing from The University of Illinois and an MBA from the Tuck School of Business at Dartmouth College.

Be sure to follow Don and our host Rich on LinkedIn, and for the latest GDS Link updates and news, follow us on Twitter and LinkedIn. You can subscribe to the Lending Link on Apple PodcastsSpotifyGoogle Play, or wherever you prefer to listen to your podcasts!

Dec 07, 202228:11
Protecting your Business Against Fraud and Synthetic Identities with Tom Algie from IDology

Protecting your Business Against Fraud and Synthetic Identities with Tom Algie from IDology

By end of this year, fraud is projected to cost U.S. businesses roughly $2.5 Billion, with some research suggesting that figure could rise as high as $5 Billion by 2025. There’s no doubt that every business is vulnerable to fraud, due largely to the numerous ways in which scammers can attack your organization.

So how do you prevent the unthinkable from occurring? A proper plan in place can assist you, and your company in effectively reducing the likelihood of fraud and minimizing losses. In this information prevention discussion, we’re joined by Tom Algie, IDology’s National Sales Manager for Consumer Finance, and Rich and Tom delving into the necessary fraud topics like:

- What is ID verification authentication and fraud mitigation

- First-party Fraud vs. Synthetic Fraud

- How to identify a Synthetic Identity

- Most common gaps in fraud mitigation process within financial services today

- Correlations between fraud tools and loan increases available, and much more!

About IDology

IDology, a GBG company, delivers some of the industry’s most innovative multi-layered identity verification solutions to help businesses drive revenue, deter fraud and maintain compliance. IDology’s ExpectID® platform leverages thousands of diverse data sources to deliver the most accurate customer locate results, actionable transparency, and on-demand control over the identity-proofing process. With frictionless, secure digital identity verification, IDology empowers businesses to onboard more legitimate customers quickly and confidently. Under their parent company, GBG, IDology and Acuant recently united to form GBG Americas, the largest pure-play identity verification and fraud prevention provider in the Americas.

About Tom Algie

Tom Algie is National Sales Manager for Consumer Finance at IDology. As an 18-year veteran of fintech, his experience includes consulting and management roles in lending software, data processing, and payments processing industries.

Tom actively participates in multiple industry trade associations, including Online Lenders Alliance, INFiN, American Financial Services Association, and National Automotive Finance Association.

Be sure to follow Tom and our host Rich on LinkedIn, and for the latest GDS Link updates and news, follow us on Twitter and LinkedIn. You can subscribe to the Lending Link on Apple PodcastsSpotifyGoogle Play, or wherever you prefer to listen to your podcasts!

From the Episode:
Fifth Annual Consumer Digital Identity Study: https://www.idology.com/5th-Annual-Consumer-Digital-Identity-Study/

Nov 28, 202226:25
How to Properly Leverage Data & Technology Across the Entire Credit Lifecycle with Gary Byrne

How to Properly Leverage Data & Technology Across the Entire Credit Lifecycle with Gary Byrne

As much as lending has changed in the last few years, its fundamental tenet—putting the customer at the center of every choice—remains unchanged. Nevertheless, the last few years have brought an abundance of changes fueled by digitization and the adoption of big data. This, combined with shifting borrower expectations, has driven positive impacts in the financial services space. Today, as the UK and the rest of the world experience economic difficulty and uncertainty, lenders must fully comprehend how these conditions affect their customer’s creditworthiness and ability to pay. And most importantly, lenders must effectively leverage technology and analytics to make accurate decisions and quickly respond to changing conditions.

In this episode, we’re joined by Gary Byrne,  who manages GDS Link's UK Sales Operations. Gary boasts over 25 years of experience within credit risk and is intimately familiar with the nuances and challenges facing UK lenders and organisations.

Gary brings his expertise to the table to shed light on key topics such as:

  • Some steps lenders should take to account for inflation
  • The role of speed and transactional data in the decisioning process
  • Factors  slowing down the adoption of Open Banking data
  • How to future-proof your technology stack

About Gary Byrne:

Gary heads GDS Link's UK business and is responsible for building a scalable, sustainable, targeted sales model focused on forging lasting client partnerships across a diverse yet highly sophisticated market.

Gary's experience stretches from First Direct and HBOS to Experian Scorex, Provenir, Earnix, FICO, and more recently, TransUnion UK, where he was accountable for UK Software Sales.

Be sure to follow Gary and our host Rich on LinkedIn, and for the latest GDS Link updates and news, follow us on Twitter and LinkedIn. You can subscribe to the Lending Link on Apple Podcasts, Spotify, Google Play, or wherever you prefer to listen to your podcasts!

Nov 15, 202227:43
The Power of Technology in Financial Inclusion with Dan Quan from NevCaut Ventures

The Power of Technology in Financial Inclusion with Dan Quan from NevCaut Ventures

Shortly after the 2008 financial crisis, a new phrase emerged, and we were quickly introduced to the thriving "Fintech" industry. When it comes to financial inclusion, the more approachable you are, the more success you will have. New financial technology has made it possible for businesses to offer their goods and services for significantly less money.

On this episode of The Lending Link, we're joined by a special guest, Dan Quan, who has developed several policies that have enabled the thriving Fintech environment, such as Open Banking, AI, and alternative data. Dan is the Co-Founder of Nevcaut Ventures, and he joins us to discuss his time at the Consumer Financial Protection Bureau (CFPB) and various technologies that are shaping the industry's future.

In this informative discussion, Dan and Rich explore topics like:

•  The lasting impact and lessons learned from 'No Letter Actions' issued by the CFPB
•  Disparate Impact and how lenders can fairly and profitably navigate
•  Dan's insights into various FinTech pioneers and how this innovation impacts his current investments
•  Advice for startup companies seeking funding, and much more!

Nov 08, 202233:06
Navigating the Storm of High Inflation and Rising Interests Rates with Kevin Moss

Navigating the Storm of High Inflation and Rising Interests Rates with Kevin Moss

There is little doubt that having to deal with a global pandemic for a few years has altered the behaviors of both consumers and lenders. In fact, FinTechs are currently operating in an environment with increased inflation and interest rates for the first time ever. Many people are left wondering, "How do we navigate this new domain?"

In this week's episode, we are joined by Kevin Moss, a 40+ year veteran of banking and credit risk management and compliance, who discusses navigating the effects of rising inflation and interest rates.

Kevin and Rich delve further into a variety of subjects, including:

  • the value of data for the future
  • what's driving the market right now
  • the greatest distinctions between bank loans and personal loans
  • why financial literacy is so important for businesses
  • and much more

Listen to learn Kevin's advice for lenders on navigating the current storm successfully. Let's get synced!

About Kevin Moss:

Kevin Moss is a Senior Advisor at Boston Consulting Group, Inc., who is actively involved with financial institutions and Risk & Compliance practices. Kevin works with clients on credit, fraud & banking risk management, FinTech, and advisory. Kevin has a strong history of advising clients in risk management & related matters for deposit/credit products, with deep knowledge of digital channel strategies.

From the Episode:

New Reality Check - The Paycheck-to-Paycheck Report: The Consumer Savings Edition: https://www.pymnts.com/study/reality-check-paycheck-to-paycheck-inflation-stock-portfolios-consumer-savings/

Be sure to follow Kevin and our host Rich on LinkedIn, and for the latest GDS Link updates and news, follow us on Twitter and LinkedIn. You can subscribe to The Lending Link on Apple PodcastsSpotifyGoogle Play, or wherever you prefer to listen to your podcasts!

Oct 13, 202230:31
Understanding the Landscape of Lending and Pressing Issues for the Modern Day Lender with Rich Alterman

Understanding the Landscape of Lending and Pressing Issues for the Modern Day Lender with Rich Alterman

You're tuning in and syncing up with The Lending Link, GDS Link's brand new industry podcast designed for the modern-day lender. In this introductory episode, we're chatting with the man of the hour and host of The Lending Link, Rich Alterman. Rich has a deep-rooted history in credit risk management within consumer lending, where he boasts over 40 years of helping lenders stay competitive in our ever-changing environment.

Matt Tepper, GDS Link’s Global Marketing Director, sits down with Rich to talk about how he got started within the industry, the wealth of experience that GDS Link brings to the market, how the landscape of underwriting has evolved since Rich started his career, as well as current pressing issues lenders may be facing.

Be sure to subscribe to the Lending Link on Apple Podcasts, Spotify, Google Play, or wherever you prefer to listen to your podcasts.

Are you interested in learning more about The Lending Link? Visit our webpage here, and head over to GDS links, LinkedIn and Twitter pages to hit those like and follow buttons.

It's time to sync up with GDS Link!

Oct 03, 202230:18
You're Syncing Up With The Lending Link, Powered by GDS Link

You're Syncing Up With The Lending Link, Powered by GDS Link

You are syncing up and tuning in with The Lending Link Podcast, powered by GDS Link and hosted by Rich Alterman. Join us as we explore unique strategies for modern-day lenders and take a deep dive into the innovative advancements from both GDS Link and industry powerhouses. Listeners will gain insights from captivating guests within the FinTech, banking, and credit union worlds. Be sure to follow us and subscribe to the Lending Link on Apple Podcast, Spotify, or wherever you enjoy listening to this podcast too. Let start syncing!

Sep 28, 202200:38